Valuation Methods and Shareholder Value Creation

Abstract

Valuation Methods and shareholder value creation is a complete book about business valuation and value creation. The book explains the nuances of different valuation methods and provides the reader with the tools for analyzing and valuing any business, no matter how complex. With 631 pages divided into four parts, Valuation and shareholder value creation uses 140 diagrams, 211 tables, and more than 100 examples to help the reader absorb these concepts.

This book contains materials of the MBA and executive courses that I teach in IESE Business School. It also includes some material presented in courses and congresses in Spain, US, Austria, Mexico, Argentina, Peru, Colombia, UK, Italy, France and Germany. The chapters have been modified many times as a consequence of the suggestions of my students since 1988, my work in class, and my work as a consultant specialized in valuation and acquisitions. I want to thank all my students their comments on previous manuscripts and their questions. The book also has results of the research conducted in the International Center for Financial Research at IESE.

Part I - Basics of Valuation Methods and Shareholder Value Creation Part II - Shareholder Value Creation Part III - Rigorous Approaches to Discounted Cash Flow Valuation Part IV - Real options and brands

Keywords: Free cash flow, WACC, equity cash flow, required return to equity, capital cash flows, APV, economic profit, EVA, value creation, VTS

JEL Classification: G12, G13, G30, G31, G32, G33, M21